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PSE&G, Verizon Plan Infrastructure Investments

MONROE TWP., NJ-The two companies, along with the state government, are bolstering New Jersey's economy through massive infrastructure investments.

By Brianne Harrison | Updated on September 08, 2008

[IMGCAP(1)]MONROE TWP., NJ-While acknowledging the current economic crisis, the three speakers at the New Jersey Economic Development Association’s Presidents & Policy meeting here agreed that the state is a strong one. They also agreed that a great deal of work needs to be done to keep New Jersey competitive in the future.

Both Ralph LaRossa, president and COO of PSE&G, and Dennis Bone, president of Verizon New Jersey, discussed their companies’ future plans, placing particular emphasis on improving infrastructure. “We’ll be concentrating mainly on three things,” said LaRossa. “Number one, the company’s infrastructure, making sure our backbone remains strong. Number two, climate change, and number three, workforce development.”

[IMGCAP(2)]PSE&G is enhancing its infrastructure by building a 500,000-volt transmission system in the state to improve service. The system, which is scheduled for completion in 2012, is part of PSE&G’s infrastructure investment of more than $5 billion over the next several years. The utility is also putting $250 million a year into replacing lines in the system.

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